Another quasi-legal task: equity award tracking and reporting

Laws and statutes bountifully apply to grants of options and restricted stock, legalities govern when insiders and executives may exercise their holdings, and someone who knows the law must tend to the securities acts reporting of both.

But most of the tracking and the preparation of Form 4s and Section 16 filings demands far more administrative discipline than legal analysis or interpretation. For that reason, lawyers should be involved only if a question arises and should not be responsible for the rest of the mundane activities (See my post of Sept. 21, 2005 on quasi-legal activities and my article .).